BTC Surges to $68K Amid Tariff Chaos, ETC Surges 15% Daily: Weekend Watch

crypthub

about 2 hours ago

Bitcoin Price Volatility and Recovery

Bitcoin experienced price fluctuations following U.S. tariff-related news but rebounded to $68,000. It initially rose to $71,000 after defending $65,000 support but faced declines during the week. A sharp drop to $65,600 on Thursday led to a swift recovery, aided by market reactions to Trump’s tariff policies. Its market cap now exceeds $1.36 trillion, with a 56.5% dominance over altcoins.

Altcoin Performance and ETC Surge

Most large-cap altcoins saw minor gains, with DOT, UNI, and NEAR leading with up to 8% increases. Ethereum struggled below $2,000, while Ethereum Classic (ETC) surged 16% to $9.7, outperforming others. FIL and ARB also rose significantly. XRP approached $1.45, and BCH, HYPE, and NEAR showed notable gains despite overall market stability.

Market Cap and Broader Trends

The total crypto market cap reclaimed $2.4 trillion, reaching $2.415 trillion. Tariff-related volatility temporarily pressured BTC but failed to sustain declines, reflecting resilience. ETC’s sharp rise and altcoin performances highlight sectoral divergences, with larger-cap assets showing mixed but generally modest movements amid ongoing macroeconomic uncertainties.